The info found in this site is dependant on laws and regulations, guidelines, laws, and guidance that is related respect towards the Paycheck Protection Program (PPP), including guidance released because of the U.S. small company management (SBA). We are going to sporadically upgrade these details, therefore back please check usually and give consideration to bookmarking these pages. In the eventuality of any discrepancies between your all about this website while the SBAвЂ™s web site, please follow official SBA guidance.
Concerning the PPP loan and loan forgiveness
Do you know the regards to the mortgage and generally are there any costs?
The term or period associated with the PPP loan is stated in your promissory note. The mortgage term is either two or 5 years through the date you received your SBA PPP loan guarantee quantity.
The PPP loan will accrue interest at a rate that is annual of%.